Ohio 529 Limits 2024

Ohio 529 Limits 2024. The program helps ohio families and. Ohio operates two 529 college savings plans.


Ohio 529 Limits 2024

Ohio operates two 529 college savings plans. This new benefit will go into effect in jan.

View Our Faq List To Learn About Opening, Managing And Benefiting From This College Savings.

Currently, the maximum account value is $377,000.

In 2024, Individuals Can Gift Up To $18,000 In A Single 529 Plan Without Those Funds Counting Against The Lifetime Gift Tax Exemption Amount.

Contribution limits for 529 plans range from around $235,000 on the low end to more than $550,000 per beneficiary.

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Ohio Offers A State Tax Deduction For Contributions To A 529 Plan Of Up To $4,000 Per Year For Any Filing Status.

In addition, ohio residents are eligible to deduct up to $4,000 of their 529 plan contributions per beneficiary, per year, from their state of ohio taxable income.

Ohio Operates Two 529 College Savings Plans.

529 plans typically increase the contribution limit over time, so you may be able to contribute more.